IFC, Goldman Sachs Initiative Invests $1 Billion in Women Entrepreneurs in Emerging Markets
Goldman Sachs press release ------- The Women Entrepreneurs Opportunity Facility (“WEOF”), a first-of-its-kind partnership between the Goldman Sachs 10,000 Women program and IFC, a member of the World Bank Group, has now invested more than $1 billion in women entrepreneurs in emerging markets, delivering much-needed capital to small businesses and far surpassing the facility’s original goal of $600 million. Women own or run more than a third of small and medium enterprises (SMEs) in emerging markets, key providers of jobs and essential services. Yet a disproportionate number can’t access the capital they need to grow. The financing gap for women entrepreneurs is estimated to be nearly $1.5 trillion. To learn more click on the picture below to read the release.